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Carmakers’ abominable April crushes consumers’ trust in them

The appalling scale of carmakers’ gaming and cheating of emissions tests became more apparent in April as their credibility collapsed like a house of cards. The steady drip-drip with which the public became increasingly aware of the magnitude and pervasiveness of carmakers’ wrongdoing started on 20 April when Mitsubishi’s top executives admitted it had cheated CO2 tests on 625,000 minicars in Japan. Mitsubishi’s president acknowledged the misconduct with a deep bow of apology and later admitted the carmaker had cheated fuel tests for 25 years.

Published on May 4, 2016 - 10:11

Shipping’s response to Paris climate deal left in disarray

Governments last month failed even to agree on developing a work plan to determine shipping’s ‘fair share’ contribution to meeting the goals of the Paris deal. Despite there being a clear majority in support of the move, a minority led by China, Brazil, Russia, South Africa and the Cook Islands blocked a consensus to move forward. The issue was put back on the agenda of the International Maritime Organisation’s (IMO) environment committee for when it next meets in October.

Published on May 3, 2016 - 16:07

Airport backed with €33m public funding now airplane parking

A Portuguese regional airport that was expanded with large amounts of EU funding has announced plans to turn itself into an aircraft parking facility because demand for the airport has fallen badly short of predictions. The case highlights T&E’s call for greater scrutiny of public money being used to prop up carbon-intensive, underutilised infrastructure with questionable social and economic benefits. 

Published on May 3, 2016 - 13:43

Climate change threatens value of global financial assets

Even a modest rise in temperatures could put at risk 1.8% of the world’s financial assets if the global economy does not move away from carbon-emitting infrastructure, according to a new study from the London School of Economics (LSE). Another body that monitors the impact of climate change on the global economy says the model used to arrive at this figure has been too generous and the situation could be much worse. 

Published on May 3, 2016 - 10:22

Are financial concerns influencing Germany’s road building?

A controversy is growing in Germany about future funding mechanisms for building and maintaining roads. The federal government and the 16 state governments are looking at new financing options involving the private sector, but T&E’s member VCD has criticised the direction in which the discussions are going, saying they take no account of the need to fight climate change and changing transport trends.

Published on May 3, 2016 - 10:04

Trucks’ €143bn cost to society not being repaid – study

Trucks cost society €143 billion a year across the EU through damage to infrastructure and health as well as congestion, climate change and other effects. The impact of heavy-duty vehicles is assessed in a new independent study for T&E which also finds that only 30% of these costs are covered by fuel excise duties, vehicle taxes and infrastructure charges.

Published on April 6, 2016 - 12:02

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